Foundations in Personal Finance Chapter 8
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Diversification | The practice of dividing the money a person invests between several different types of investments in order to lower risk
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| Investing | setting money aside to grow wealth
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| Investment | money set aside for more than 5 years for long-term growth
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| Liquidity | Assets that can be converted quickly into cash without penalty
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| Portfolio | List of investments
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| Risk | Degree of uncertainty of return on assets
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| Risk Return Rate | Substantial reward compared to amount of risk taken
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| Share | Piece of ownership in a company, mutual fund or investment
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| Stock | Securities that represent part ownership in a corporation
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| Tax Favored Dollar | Tax deferred or tax free investment in retirement plan
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| Dividend | Distribution of earnings to stockholders
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| Rule of 72 | the time it will take to double a sum of money by dividing 72 by the expected interest rate to determine the number of years.
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| The ROTH IRA | funded with after-tax money so you can use your Roth tax free in retirement.
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| IRS~Internal Revenue Service | Agency responsible for collecting taxes and the interpretation and enforcement of the tax code
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| 529 Plan | A plan set up to allow families to set aside funds for college
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| Speculative | Purchasing risky investments that present the possibility of large profits but pose high risk of loss
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| 401k | a retirement savings plan offered by corp to its employees.
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| 403b | nonprofits
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| Commodities | Agricultural or mining products.
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| SEC - Securities and Exchange Commission | The government agency responsible for regulating the stock market.
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| FDIC | Federal agency that insures
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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